Squarepoint Ops LLC Buys Shares of 45,250 Ryerson Holding Co. (NYSE:RYI)

Squarepoint Ops LLC purchased a new stake in Ryerson Holding Co. (NYSE:RYI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 45,250 shares of the basic materials company's stock, valued at approximately $882,000. Squarepoint Ops LLC owned 0.14% of Ryerson as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Nebula Research & Development LLC raised its holdings in Ryerson by 171.5% in the 4th quarter. Nebula Research & Development LLC now owns 20,302 shares of the basic materials company's stock valued at $704,000 after acquiring an additional 12,824 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Ryerson by 2.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 497,070 shares of the basic materials company's stock worth $17,238,000 after acquiring an additional 14,120 shares during the period. Fisher Asset Management LLC boosted its position in shares of Ryerson by 3.2% during the 4th quarter. Fisher Asset Management LLC now owns 126,673 shares of the basic materials company's stock worth $4,393,000 after acquiring an additional 3,956 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Ryerson by 5.0% in the first quarter. Los Angeles Capital Management LLC now owns 7,491 shares of the basic materials company's stock valued at $251,000 after acquiring an additional 355 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Ryerson by 72.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,600 shares of the basic materials company's stock valued at $456,000 after purchasing an additional 5,703 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

Ryerson Price Performance

Shares of RYI stock traded up $0.45 on Monday, hitting $20.48. 460,423 shares of the company's stock were exchanged, compared to its average volume of 319,024. The company has a 50 day moving average of $19.57 and a 200 day moving average of $23.30. The stock has a market cap of $679.94 million, a P/E ratio of 7.94 and a beta of 1.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.38 and a quick ratio of 1.11. Ryerson Holding Co. has a 12 month low of $17.57 and a 12 month high of $36.20.

Ryerson (NYSE:RYI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13. The firm had revenue of $1.23 billion during the quarter. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. During the same quarter last year, the company posted $1.06 earnings per share.

Ryerson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.188 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.67%. Ryerson's dividend payout ratio (DPR) is currently 29.07%.

About Ryerson

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.